Formosan Rubber Group Stock Beta
| 2107 Stock | TWD 25.85 0.05 0.19% |
Formosan Rubber Group fundamentals help investors to digest information that contributes to Formosan Rubber's financial success or failures. It also enables traders to predict the movement of Formosan Stock. The fundamental analysis module provides a way to measure Formosan Rubber's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Formosan Rubber stock.
Formosan |
Formosan Rubber Group Company Beta Analysis
Formosan Rubber's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Formosan Rubber Beta | 0.66 |
Most of Formosan Rubber's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Formosan Rubber Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Formosan Rubber Group has a Beta of 0.6561. This is 21.89% lower than that of the Chemicals sector and 30.94% lower than that of the Materials industry. The beta for all Taiwan stocks is notably lower than that of the firm.
Formosan Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Formosan Rubber's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Formosan Rubber could also be used in its relative valuation, which is a method of valuing Formosan Rubber by comparing valuation metrics of similar companies.Formosan Rubber is currently under evaluation in beta category among its peers.
As returns on the market increase, Formosan Rubber's returns are expected to increase less than the market. However, during the bear market, the loss of holding Formosan Rubber is expected to be smaller as well.
Formosan Fundamentals
| Return On Equity | 0.0773 | |||
| Return On Asset | 0.0226 | |||
| Profit Margin | 0.41 % | |||
| Operating Margin | 0.22 % | |||
| Current Valuation | 1.73 B | |||
| Shares Outstanding | 337.33 M | |||
| Shares Owned By Insiders | 35.79 % | |||
| Shares Owned By Institutions | 5.95 % | |||
| Price To Earning | 18.10 X | |||
| Price To Book | 0.62 X | |||
| Price To Sales | 3.32 X | |||
| Revenue | 2.79 B | |||
| Gross Profit | 883.66 M | |||
| EBITDA | 935.16 M | |||
| Net Income | 777.96 M | |||
| Cash And Equivalents | 3.74 B | |||
| Cash Per Share | 10.69 X | |||
| Total Debt | 2.02 B | |||
| Debt To Equity | 19.00 % | |||
| Current Ratio | 3.46 X | |||
| Book Value Per Share | 35.20 X | |||
| Cash Flow From Operations | 1.73 B | |||
| Earnings Per Share | 2.65 X | |||
| Target Price | 42.0 | |||
| Number Of Employees | 17 | |||
| Beta | 0.66 | |||
| Market Capitalization | 7.4 B | |||
| Total Asset | 13.12 B | |||
| Retained Earnings | 6.77 B | |||
| Working Capital | 7.76 B | |||
| Current Asset | 10.11 B | |||
| Current Liabilities | 2.35 B | |||
| Z Score | 1.8 | |||
| Annual Yield | 0.05 % | |||
| Five Year Return | 6.90 % | |||
| Net Asset | 13.12 B | |||
| Last Dividend Paid | 1.2 |
About Formosan Rubber Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Formosan Rubber Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Formosan Rubber using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Formosan Rubber Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When running Formosan Rubber's price analysis, check to measure Formosan Rubber's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Formosan Rubber is operating at the current time. Most of Formosan Rubber's value examination focuses on studying past and present price action to predict the probability of Formosan Rubber's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosan Rubber's price. Additionally, you may evaluate how the addition of Formosan Rubber to your portfolios can decrease your overall portfolio volatility.